Thomas Jefferson was well aware that war had to be supported by massive amounts of money. He wrote to John Jay in 1787:
“No nation makes war now-a-days but by the aid of loans.”
The United States has recently promised to give the democratic government of Lebanon more than three times its usual amount of economic aid. The money is intended to help rebuild Lebanon after this summer’s war between Israel and Hezbollah militants. Between this effort to support peace and the huge expenditures the United States has been making to continue fighting the Iraq War, it is clear that Jefferson was right—loans are the basis for a good deal of modern foreign policy.
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